Manhattan Beach, California – Skechers, the global athleisure footwear company, generated sales of $1551m in the third quarter of 2021. This is up 19.2% on the same period last year. Gross profit across the business rose by 23.1% to $769.4m.
Skechers grew again in Q3
COO David Weinberg said that the record quarter was partly the result of a normalising retail environment. ‘Traffic increased in our Skechers stores, and we achieved growth of 44.1% and significantly higher margins in in our direct-to-consumer business,' he said.
Performance in China was strong but, he warned: 'As we look to the fourth quarter, we believe that supply chain constraints will remain a challenge.'